According to Lebanon’s Central Bank or Banque du Liban (BDL)’s balance sheet, total assets of the bank reached $118.3 billion at the end of 2017, rising by $15.9 billion which is 16% increase compared with the previous year. Moreover, the securities’ portfolio of the Central Bank increased by...

Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints.The notional tax deduction in...

The 5th Energy Symposium was organized jointly by the Institute of Energy for South-East Europe (IENE) and FMW Financial Media Way with a special theme ‘Cyprus Europe’s new energy gate’ on the 1st of November in Nicosia. Cyprus was praised by Costis Stambolis, executive director of IENE on...

Gravity Ventures, a new venture building incubator has entered the Cypriot market with the aim to support local and international business founders and start-ups for their development and their entrance into international markets. Gravity is located in Nicosia, in the capital of Cyprus. It is...

Lebanon has a fast-growing Information Technology sector. Its market size was USD 436.2 million in 2016 and it is expected to further grow at a compounded annual interest rate of 9.7% and reach USD 543.5 million by 2019. The impact of this growth on the national GDP is forecasted to be greater...

Cyprus is currently the fastest growing fund centre in Europe thanks to its modern funds legislation fully in line with all relevant EU Directives and its well-established network of financial and professional service providers. Alternative Investment Funds (AIF) are new investment vehicles as...

An individual enjoys the Cyprus Non-Domiciled Status if he/she is tax resident of Cyprus and has not been a tax resident of Cyprus as per the Income Tax Law for a period of 20 consecutive years prior to the introduction of the law (i.e. prior to 16 July 2015). An individual is considered to...

Unallocated gold storage, allocated gold storage, segregated gold storage or allocated and segregated gold storage – these terms describe the form of storage and the legal relation of a gold owner with his or her physical gold purchased and stored. The same terms are of course also used for the...

Cyprus is well known as a preferred country for holding companies, international or regional headquarters and investment companies. Cyprus continues to be the place of choice for many international businesses and business people, and for investors. Consequently, Cyprus company registrations are...

The Ministry of New and Renewable Energy (MNRE) of India and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of Germany have signed an agreement on technical cooperation under the Indo-German Energy Programme for the green energy corridors project in India....

Despite the global and regional economic challenges Lebanon has maintained its financial stability over the past quarter-century. The financial sector, especially the banking sector has grown rapidly over the past years. The Lebanese banking sector could maintain its profitability and growth...

As digital transformation is propagating all around the world, only organization that are leveraging digital technologies to reinvent their business models will survive. Digital transformation is different in every industry. It has completely changed the banking industry as well in the past few...

More and more wealthy individuals (HNWIs) and funds prefer to invest in precious metals, mainly gold, relying on its physical and sustainable value in times where monetary currencies are exposed to over-heated economies and unpredictable political decisions. Precious metals can be good...

Precious Metals Storage and Trade Gold, Silver, Platinum, Palladium – safekeeping your physical investments in precious metals in Liechtenstein, the safest place in Europe, independently from banks. More and more wealthy individuals (HNWIs) and funds prefer to invest in precious metals,...

Cyprus and the United Kingdom signed an updated Double Tax Treaty with respect to Taxes on Income and Capital Gains and the Prevention of Tax Evasion and Avoidance on Thursday, the 23rd of March 2018. The new agreement was signed by Finance Minister Harris Georgiades and British High...

The Financial Times distinguishes this Spanish school as the second best in the world, after the irruption of its prestigious double degree in Law. ISDE becomes in Spain the center of legal practice with the greatest training offer, with more than 20 master programs in law and more than 30...

Cyprus has ranked first in the EU in terms of per capita absorption of funds from ‘Horizon 2020’ Research and Innovation Programme, Dr. Vassilis Tsakalos, General Director of the Cyprus Research Promotion Foundation (RPF), has said CNA. Cyprus has absorbed approximately €90 million funds so...

Reconstruction of Syria - Forming of Joint-Ventures with Lebanese Construction Companies: Entering Joint-Ventures with experienced Lebanese companies will provide European construction companies great advantages, such as access to local labour and engineers, local expertise, avoiding language...

After an economic boom in 2016, hitting 2,9%, the economy of Cyprus continues its upwards trend, expanding by 3,8% in 2017. The highest growth was seen during the Q2 2017, where the annual growth hit 4%. While Q1 2017 showed a growth of 3,8%, expansion of Cyprus’ economy reached Q3 2017 was...

The Cypriot cabinet has approved the so-called Cyprus Startup Visa scheme on the 15th of February 2017 with the aim to attract foreign investments from non-EU countries (third countries) to Cyprus in the fields of innovation and research and development (R&D). The Cyprus Startup visa plan...